SEC Crypto Custody Rule: What Could Change for Investors, Crypto Funds, and Digital Asset Accounts?
- SEC sent its planned crypto custody rule to OMB for White House review on August 25.
- The SEC agenda targets October 2026 for a proposal, but no legal deadline applies.
- Current adviser custody rules cover client funds and securities, not every digital asset.
The U.S. Securities and Exchange Commission has moved a planned crypto custody overhaul into White House review. The SEC sent the draft to the Office of Management and Budget on August 25. The proposal targets investment advisers and investment companies that handle digital assets for clients. Wu Blockchain also drew attention to the filing in a recent X post, citing Bloomberg’s report.
Notably, the move does not change current law or custody requirements today. OMB’s Office of Information and Regulatory Affairs must review the draft before the SEC can publish it. The SEC regulatory agenda lists an October 2…
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